NOT LISTED FOR SALE

56 Magellan Way Franklin Park, NJ 08823

Franklin Park Neighborhood

Estimated Value: $701,300 - $764,000

-- Bed
-- Bath
2,212 Sq Ft
$336/Sq Ft Est. Value

About This Home

This home is located at 56 Magellan Way, Franklin Park, NJ 08823 and is currently estimated at $744,325, approximately $336 per square foot. 56 Magellan Way is a home located in Somerset County with nearby schools including Franklin High School, St. Augustine of Canterbury School, and Guidepost Montessori at Kendall Park.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2001
Sold by
Rodgers Joseph
Bought by
Shah Shailesh and Shah Tejah
Current Estimated Value
$744,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,800
Interest Rate
7.16%

Purchase Details

Closed on
Sep 13, 1997
Sold by
Grutta Anthony
Bought by
Rodgers Joe and Rodgers Adrienne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
7.31%

Purchase Details

Closed on
Mar 1, 1996
Sold by
Daruwala Shahnaz
Bought by
Grutta Anthony and Grutta Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
7%

Purchase Details

Closed on
Jan 29, 1991
Sold by
K Hovnanian At Somerset Vii Inc
Bought by
Daruwala Vispi and Daruwala Shenaz

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Shah Shailesh $311,000 --
Rodgers Joe $219,500 --
Grutta Anthony $208,000 --
Daruwala Vispi $200,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Shah Shailesh $134,000
Closed Shah Tejal $165,000
Previous Owner Shah Shailesh $248,800
Previous Owner Rodgers Joe $176,000
Previous Owner Grutta Anthony $177,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,191 $620,700 $321,500 $299,200
2023 $10,921 $568,200 $269,000 $299,200
2022 $10,884 $536,700 $237,500 $299,200
2021 $10,686 $484,200 $185,000 $299,200
2020 $10,701 $473,700 $174,500 $299,200
2019 $10,593 $463,200 $164,000 $299,200
2018 $10,215 $442,200 $143,000 $299,200
2017 $10,011 $431,700 $132,500 $299,200
2016 $9,976 $426,500 $127,300 $299,200
2015 $9,784 $421,200 $122,000 $299,200
2014 $9,614 $420,200 $121,000 $299,200
Source: Public Records

Map

New Jersey Somerset County Franklin Park 08823 Franklin Park

56 Magellan Way, Franklin Park, NJ

Homes for Sale in Franklin Park, NJ

This home is located at 56 Magellan Way, Franklin Park, NJ 08823 and is currently estimated at $744,325, approximately $336 per square foot. 56 Magellan Way is a home located in Somerset County with nearby schools including Franklin High School, St. Augustine of Canterbury School, and Guidepost Montessori at Kendall Park.

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